Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZYGet Free Report) announced its quarterly earnings data on Friday. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02), Zacks reports. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 1.98% and a negative net margin of 12.13%.

Usinas Siderurgicas de Minas Gerais Trading Up 6.4%

OTCMKTS USNZY traded up $0.09 during mid-day trading on Friday, hitting $1.48. The company’s stock had a trading volume of 315,689 shares, compared to its average volume of 138,840. Usinas Siderurgicas de Minas Gerais has a 52-week low of $0.70 and a 52-week high of $1.50. The stock’s fifty day simple moving average is $1.29 and its two-hundred day simple moving average is $1.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.12 and a quick ratio of 2.67. The firm has a market capitalization of $812.96 million, a P/E ratio of -3.23 and a beta of 1.28.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Usinas Siderurgicas de Minas Gerais from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Get Our Latest Stock Analysis on Usinas Siderurgicas de Minas Gerais

Usinas Siderurgicas de Minas Gerais Company Profile

(Get Free Report)

Usinas Siderúrgicas de Minas Gerais SA (OTCMKTS: USNZY), widely known as Usiminas, is one of Brazil’s leading integrated steel producers. The company operates across the full steel value chain, from iron ore mining to the manufacture and distribution of flat steel products. Its portfolio includes hot- and cold-rolled coils, coated sheets, tin plates, plates and tubular products, which serve a broad array of end markets such as construction, automotive, packaging, machinery and energy.

Founded in the mid-1950s through a partnership between Brazilian and international investors, Usiminas is headquartered in Belo Horizonte and maintains its principal steelmaking facilities in Ipatinga, Minas Gerais, as well as secondary operations in Cubatão (São Paulo) and Santa Cruz.

Further Reading

Earnings History for Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY)

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